Aim Rule 26

AIM Rule 26, which came into force in February 2007, requires AIM listed companies to make certain key company information available on a website.

In conjunction with the rest of the website and the links on this page, this site has been designed to comply with the requirements of Rule 26 (Company Information Disclosure) of the AIM Rules for Companies.

Business description

Synnovia is a niche manufacturer of specialist products. Applications for these products vary widely and examples include:

Packaging for the food manufacturing and distribution – films, sacks and pouches

Steering columns and instrument control knobs in the automotive industry – plastic bearings

Synnovia’s business model is based on understanding customers’ problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further two factories in Asia and one factory in the USA. Approximately 49% of its sales are made outside the UK to more than 80 countries.

Directors & Management

Responsibilities

The Board meets six times a year and is responsible for formulating, reviewing and approving strategy, budgets, acquisitions, capital expenditure and senior personnel appointments. The executive directors and senior management meet regularly to review and consider operational matters. The Board comprises of an Executive Chairman, one Executive Director and three Non-Executive Directors. Two of the Non-Executive Directors are independent of the executive management.

Country of Incorporation

England

Country of Operation

Synnovia consists of six key operating subsidiaries in the UK:

Bell Plastics – Poole, Dorset

BNL – Knaresborough, North Yorkshire

C&T Matrix – Wellingborough, Northamptonshire

Flexipol – Haslingden, Lancashire

Palagan – Dunstable, Bedfordshire

Synpac – Hessle, Yorkshire.

The Group also has a manufacturing and assembly operations in Thailand, one manufacturing facility in China and one in the USA, with sales offices in the Italy, USA, Japan, India and China.